§ Ethics Rule 2.95Campaign Depository Account Requirements

en · 1,478 chars · active
Every candidate committee, political action committee and
political party committee shall maintain a campaign account in each
campaign depository in the name of the committee as it is registered
with the Commission. All contributions to a committee except in-kind
contributions, including contributions by a candidate to his or her
candidate committee, shall be deposited in a campaign account. All
expenditures made by a committee shall be made on a check or by debit
card, signed by the candidate, Treasurer or Deputy Treasurer of a
candidate committee and by the Treasurer or Deputy Treasurer of a
political action committee. Provided, however, a candidate may
authorize other individuals to sign checks or debit cards for the
candidate’s committee; however, the candidate, the Treasurer and
Deputy Treasurer shall remain responsible for the lawful expenditure
of committee funds. Checks for a political action committee shall
include the identification number of the committee assigned by the
Commission. A campaign account may earn interest paid by the
financial institution in which the account is maintained, but
campaign funds shall not be invested in any other way. Contributions
from corporations, labor unions, a limited liability company that has
one or more corporate members or a partnership that has one or more
corporate partners shall not be commingled with other contributions
made to a candidate committee, a limited committee or a political
party committee.

Primary source. The text above is the canonical statute body as it appears in this revision of the atlas. Verify against the official gazette before quoting in litigation or formal advice. Spot an error? Suggest a correction.